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Krisztian Sandor
3 months, 2 weeks ago

Securitize (SECZ) takes $295M of its own tokenized stock to Solana, Avalanche amid NYSE debut

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Securitize (SECZ), a tokenization specialist backed by BlackRock and ARK Invest, began trading on the New York Stock Exchange on Thursday, and simultaneously brought its own shares to blockchain investors.

The company said its common stock, trading under the ticker SECZ, is now available in token form on Solana (SOL) and Avalanche (AVAX) via its regulated platform. The blockchain-based shares represent the same common stock trading on the NYSE rather than a separate class of securities, the firm said.

Securitize also claimed bragging rights as the first newly public company to tokenize its own stock on its first day of trading. Investors held some $295 million in tokenized shares, according to blockchain data from RWA.xyz.

SECZ was 10% up in the Thursday session, its first day following the SPAC merger with publicly-traded Cantor Equity Partners II.

The launch is the latest milestone in the fast-growing tokenization sector, where banks and asset managers are increasingly using blockchain rails to issue traditional financial assets such as funds, bonds and equities. Supporters argue that tokenization can shorten settlement times, enable around-the-clock transfers and make securities interoperable with blockchain-based financial applications.
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